Best saving account

I can genuinely offer 2.75%... If my brother does not take up the offer soon. Basically you keep access to your cash (you fill in a form to link your bank to my mortgage to offset my 4% mort) and I'll give you a payment to the degree of 2.75%, as often as you want. Monthly works well. I make 1.25%

Catches;
I see how much you have in the account
Over £30k and I'll have to think about the capacity I have.
Under £10k and I'll have to think about using the offer with someone with more cash spare.
You need to open a YBS account and fill in a form

Equally it's an extra admin task as/when you want to stop using me because I have to delink your account and setup someone afresh. For this reason, whilst I can offer for a few years, I wouldn't want someone to start saving through me for only a matter of months.

If you want info, let me know. I can link 2 accounts, do this with one mate £50k and am waiting on my bro re the other (but it's likely he may not have the £££)

But the money is YOURS, I don't get access, but you have 100% flexibility to add/withdraw

Someone here will have a wad under the matress!

Open a Nationwide FlexDirect account and you'll get an interest rate of 5% AER on the first £2,500 of your cash.

This rate is fixed for the first year you hold the account, which gives some security in a world of uncertain savings rates. Be aware that it drops to 1% from year two, so look around then to see if it can be beaten. You can also open a linked 5% regular saver with this account.

OR
The Tesco Bank Current Account guarantees at least 3% AER variable on up to £3,000 until 1 April 2019 – though you have to pay out three direct debits per month on each account to get the interest.

You can open two accounts per person so if you're a couple it means you can open four, earning a decent 3% on up to £12,000.

Nationwide also do a 5% savings account if you have their current account. You can deposit £250 a month (was £600)
First direct and M&S banks have decent savings accounts attached to their current accounts.
TSB pay 3% on up to £1500 in their current account.
All deals better than savings accounts and basic ISA's. Interest up to £1000 per year is tax free too.

Check out http://bankaccountsavings.co.uk

You enter in how much money you have to save and a couple of other questions and it gives you the best bank account for your circumstances.

@my side hustle thanks for the link, very interesting (no pun intended)

FrugalKaru said:

My advise is to use monthly savers account under your current account. The best interest rates are 2%+ per annum (if kept min two years and usually cannot touch the money), but the accounts I mentioned pay 2% per annum. Lloyds has it, Bank of Scotland, TSB. Others I have not used. Instant decision when applying online, no need to verify your identity.

You can save max £250 per month, but if you take money out, you will lose that month's allowance.

Click to expand...

I've been fortunate enough as a HSBC Advance current account holder to have reaped a 5% interest courtesy of a regular savings scheme, where the maximum amount payable each month is £250 (£3,000 per year). This gives you an annual interest of £81. However at the end of the year, you have to move your money, so currently trying to work out where best to reinvest my nest egg?